Aside from their role in workplace governance, unions are important to the effective functioning of a democratic society because they:
A. Increase the competitiveness of labor markets.
B. Create additional employment for people who do not want to work for corporations.
C. Provide a counter to excessive political power of employers and employer associations.
D. Take on some of the roles and responsibilities of government.
C. Provide a counter to excessive political power of employers and employer associations.
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Samson Inc. is contemplating the purchase of a machine that will provide it with net after-tax cash savings of $100,000 per year for 8 years. Assuming a 10% discount rate, calculate the present value of the cash savings.
What will be an ideal response?
Job order costing would be used for all of the following except:
A. Construction of a custom home. B. Conducting an audit. C. Production of a Pixar movie. D. Production of running shoes. E. Production of wedding invitations.
Strods Company reported the following purchases and sales of its only product. Strods uses a periodic inventory system. Determine the cost assigned to the ending inventory using FIFO.DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning Inventory160 units @ $11 5Purchase225 units @ $13 10Sales 145 units @ $2115Purchase105 units @ $14 24Sales 95 units @ $22
A. $3215 B. $2800 C. $6155 D. $2940 E. $3355
The optimal capital structure is the funds mix that will
A) maximize total leverage. B) achieve an equal proportion of debt, preferred stock, and common equity. C) minimize the firm's composite cost of capital. D) minimize the use of debt.